Pioneering the Sports Stadium Expansion
Elliott, Christopher M.
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The goal of this paper is firstly to provide an analysis of the current situation surrounding the impacts of newly constructed professional sports stadiums. The process will begin with the necessary background information concerning the topic and then will introduce original analysis of the statistical impact of new and old stadiums upon their cities. The methodology for the analysis is the innovating factor as instead of focusing solely on economic growth in terms of per capita income several other variables were studied as well. The data set included 37 cites from Major League Baseball and the National Football League and looked at such factors as the unemployment percentage, building permits and their corresponding values, as well as employment trends in the construction, restaurant and hotel industries. The results of the studied provided some interesting analysis, as there is a statistically significant difference in the populations of cities, which have constructed a new facility since 1990 and those that have not. It is the smaller markets that are pursuing new facilities, as the average population that had new stadiums was roughly 827,000 compared to 1.5 million in those that have not constructed a new facility. Also, one other statistically significant difference arose as the cities that built new stadiums have on average a lower unemployment percentage than those cities that have not built new stadiums.